15 Church Street Colac VIC 3250

4-bedroom brick veneer | 699m² lot, Colac | 314m² building, 45% coverage | Solar panels, no overlays | Zoned for Colac Primary and Secondary. This property offers a rare combination of generous internal space and a substantial block in a town with strong educational zoning. The 314m² building footprint provides immediate livability and renovation scope, while the 45% site coverage leaves room for future expansion or a shed. The absence of bushfire, flood, or heritage overlays simplifies due diligence and insurance. This house suits a family seeking a solid, low-risk base in Colac, or an investor targeting the rental market at $560 per week with high confidence. The immaculate original condition is both a risk and an opportunity: you pay for a turnkey structure but inherit dated finishes. Budget for cosmetic updates to lift value toward the upper end of the $440k–$620k range. The 5G coverage and solar panels reduce holding costs but are secondary to location and land. Hold this property for steady rental yield or a value-add renovation; it is not a short-term flip candidate due to market softness in the $550k–$575k bracket.